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- At least three Russian refineries had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs, according to five industry sources.
6 days ago · Fri, Nov 15, 2024, 8:37 AM2 min read. At least three Russian oil refineries have been forced to halt or scale back production due to significant losses and now face the risk of closure, Reuters ...
2 days ago · Russia's oil refining business could see firms shutter as soon as early next year, due to steep losses that have piled up in recent months, people familiar with the matter told told Reuters last ...
6 days ago · The average price of Russian crude oil surged to 50,000 rubles ($499) per ton in October as the ruble weakened, significantly above the break-even point of 35,000 rubles ($349) per ton for ...
1 day ago · According to Reuters calculations, Russia plans to shut down 2.42 million metric tons of refining capacity in November, up 34% from its previous plans. This will decrease the amount of crude oil available for export. WTI crude oil is at $70 per barrel. This is a psychological resistance level, and it was interesting that the news of escalation ...
6 days ago · The Tuapse oil refinery on Russia’s Black Sea coast, owned by oil giant Rosneft, suspended fuel production at the 240,000 barrels per day (bpd) plant in October due to low refining margins.
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At least three Russian oil refineries have halted production or reduced processing volumes due to significant losses amid export restrictions, rising oil prices, and high loan costs. These include ...
